NEAR has maintained a strong uptrend over the past week, and buying support has led to a break above the long-term descending channel ceiling and static resistance at $1.75. The next resistance in the $2.03-$2.08 range was exactly followed by a reaction on both sides and has now become a good support. But the second support is considered in the range of $1.84 to $1.89, which is a more reliable range. This strong bullish wave could form once again, and if there is a pullback and a positive reaction to the supports, we expect a rally to the $2.65-$2.96 range. There is strong potential for a price reversal in the daily time frame, and if Bitcoin holds its support, NEAR could take a mid-term bullish trend.
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